|We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Carson Horn on RON.
Let's Check the Markets!
OKC West is our Market Links Sponsor- they sell cattle three days a week- Cows on Mondays, Stockers on Tuesday and Feeders on Wednesday- Call 405-262-8800 to learn more.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
has 423 head on their showlist for the Wednesday, July 10th sale of finished cattle - click here
to jump to the website.
Day two of the Week in the Rockies for Superior Livestock
starts at 9 AM Central Time- click or tap here
for details of their five day sale coming out of Loveland, Colorado.
The Monday run at the Oklahoma National Stockyards
saw 7,400 on hand- Feeder Steer prices were higher- Steer Calves were a little lower- click or tap here
for the complete report coming from USDA Market News.
At OKC West Livestock Auction
in El Reno Monday, slaughter cows sold 2.00 to 5.00 higher. Bulls were too lightly tested for an accurate trend. Click here
for the complete sale report.
Joplin Regional Stockyards
reported just over 4,300 head on Monday- prices called steady to higher- click or tap here
for the full report as compiled by USDA Market News.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures
- click or tap here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Kane Kinion, Web and Email Editorial Assistant
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, July 9, 2019
May exports of U.S. beef and pork were steady with last year's strong volumes and increased year-over-year in value.
May beef exports were steady year-over-year in volume at 117,500 metric tons, while export value increased one percent to $727.6 million, the second-highest on record, trailing only the August 2018 total of $751.7 million. For January through May, exports were three percent below last year's record pace in volume, but only slightly lower in value at $3.3 billion.
The U.S. Meat Export Federation also says pork exports totaled 218,000 metric tons in May, steady with last year's pace, while value increased one percent to $567 million, the highest monthly value total since April 2018. For January through May, pork exports were still four percent below last year in volume and down 10 percent in value to $2.57 billion.
USMEF President and CEO Dan Halstrom called the May pork exports "very encouraging, especially the renewed momentum in Japan and China/Hong Kong."
Click or tap here to review more highlights or the complete report on our website.
The Oklahoma Cattlemen's Association is the trusted voice of the Oklahoma Cattle Industry. With headquarters in Oklahoma City, the OCA has a regular presence at the State Capitol to protect and defend the interests of cattlemen and cattlewomen.
Their Vision Statement explains the highest priority of the organization- "Leadership that serves, strengthens and advocates for the Oklahoma cattle industry."
To learn more about the OCA and how you can be a part of this forward-looking group of cattle producers, click here for their website
. For more information- call 405-235-4391.
The United States Department of Agriculture released its latest weekly Crop Progress Report on Monday, July 08, 2019. . Corn's condition is 57% good to excellent, 31% fair and 12% poor to very poor. The current condition of this year's soybean crop is 53% good to excellent rating compared to 71% good to excellent this time last year. While wheat harvest is still trailing normal progress at just 47% complete. Click here to review the full USDA Crop Progress Report for the week ending on July 7, 2019.
In Oklahoma, winter wheat harvested has reached 95%, down 4 points from the previous year and down 2 points from normal. Wheat's condition rates 73% good to excellent, 18% fair and 9% poor to very poor. Corn has reached 88% emerged in the state and 30% of the corn emerged has silked. To review the full Oklahoma Crop Progress Report for this week, click here.
In Kansas, winter wheat condition rated 4% very poor, 11% poor, 27% fair, 42% good, and 16% excellent. The mature winter wheat was 92%. 61% of the wheat crop has been harvested so far this year, well behind 89% last year and 84% for the five-year average. Corn silking was 19%, well behind 45% last year, and behind the five-year average of 38%. To review the full Kansas Crop Progress Report for this week, click here.
Finally in Texas
, winter wheat's condition is rated 59% good to excellent, 38% fair and 3% poor to very poor. Wheat harvest is on pace to be done sooner than last year. With harvest being 92% complete
, compared to 85% last year and 91% on average. Corn silked in Texas is at 73% complete, better than last year and the average by 6 points. To review the full Texas Crop Progress Report for this week, click here
Heather Buckmaster, executive director of the Oklahoma Beef Council, joined us on our latest edition of Checking In on the Beef Checkoff to discuss the OBC's recent involvement with the Oklahoma Academy of Family Physicians Summer Convention.
The OBC sponsored Dr. Donald Layman, a leading protein researcher, to present during the convention on the importance of protein in a balanced diet.
"This event is part of Oklahoma Beef Council's efforts to educate health professionals from physicians to dietitians about the science of beef nutrition and the benefits of the nutrients of beef," Buckmaster said. "Every year, the Oklahoma Beef Council attends multiple conferences and events within the health professional community to provide resources and when possible host speakers on various nutritional topics connected to beef.
You can listen to the whole conservation between Heather and I, by clicking or tapping here.
In his article for this week's Cow Calf Corner newsletter, Dr. Derrell Peel of Oklahoma State University offered his take on the global dynamics currently affecting the U.S. meat trade.
Many of the dynamics Peel refers to are beginning to be revealed in U.S. meat trade data, according to which, May U.S. beef exports were fractionally lower, down 0.1 percent year over year. Total U.S. beef exports are down 3.6 percent so far this year with data from January - May.
Contributing to these year over year declines are increased beef imports into the US as well as pressure from other protein markets, particularly broiler exports which are reportedly up 1.6 percent year over year.
You can read more of Peel's analysis in this week's "Cow Calf Corner" - here.
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here for their website or call the Oklahoma City office at 1-800-310-0220.
The U.S. Environmental Protection Agency (EPA) announced Friday that the biomass-based diesel and advanced biofuels volumes will not grow. In addition, EPA has again failed to account for the significant gallons lost due to Small Refinery Exemptions, which makes the proposed volume essentially a reduction for biofuels.
The proposal sets the 2021 requirement for biomass-based biodiesel (BBD) volumes at 2.43 billion gallons, which represents no growth over the 2020 levels.
American Soybean Association (ASA) President Davie Stephens, a soybean producer from Kentucky said, "The proposal doesn't reflect the needs and capabilities of the domestic biodiesel and soybean industries and doesn't seem to reflect President Trump's stated support and commitment to domestic biofuels and a strong Renewable Fuel Standard."
You can read the whole statement from the American Soybean Association by jumping over to our website.
The National Cattlemen's Beef Association (NCBA) yesterday sent a letter signed by 39 of its state affiliates to U.S. Senate and House leaders urging them to support the swift ratification of the U.S.-Mexico-Canada Agreement (USMCA).
The letter to Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, House Speaker Nancy Pelosi, and House Minority Leader Kevin McCarthy is the latest attempt by NCBA to urge Congress to ratify USMCA.
"American cattle producers need to maintain our unrestricted, duty-free access to markets in Canada and Mexico, and that's exactly what USMCA would guarantee us," said NCBA President Jennifer Houston. "Jeopardizing that access by having Congress not take action on USMCA is simply not an option for us."
You can read what else NCBA had to say to Congress in their letter, by clicking or tapping here.
|Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, the Oklahoma Cattlemens Association and KIS Futures for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- at NO Charge!
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